$Li Auto(LI.US) $LI AUTO-W(02015.HK) I had a discussion with a former core person who used to work at Li Auto about the company's situation over the past few years. The conclusion is not optimistic. My personal judgment is that Li Xiang's past success has largely become an obstacle for the company to reach a higher level. When it cannot break through to a higher level, the only way left is downhill. The three major issues compiled from the conversation are consistent with my previous personal judgment: 1. Severe misalignment between the positioning and the actual market situation when MEGA was launched; 2. Persistent refusal to enter the sedan market; 3. Slow progress in autonomous driving, with significant organizational challenges emerging;
Starting a business is tough! How to avoid being blind and not blindly follow, including towards oneself, is always a challenge. Currently do not hold any Li Auto related stocks;
